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A personal favorite of mine
>The Beta/Placeholder version of Arceus is it's true-form, a lovecraftian horror so massively powerful and incomprehensible it trumps every other pokemon in existence
>The Arceus we see in-game is just an avatar created so it can safely interact with the mortal realm
>This explains why the supposed god of the pokemon world has a lower BST than some, or can be captured/defeated in battle, it's just something containing a fraction of a fraction of the true Arceus' power